Millennium Tower (Filene's) | 426 Washington Street | Downtown

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statler said:
If you want to compare this site to anything, compare it to the Chicago Spire, which was proposed around the same time as the original proposal for this site.
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Comparing our 625', "normal floorplate" tower to a 2000' twisting tower is more out of whack than comparing the Kensington to the Hancock.
 
Fair enough.

I guess every thread needs a curmudgeon. Carry on.
 
Let me just reiterate that I have absolutely no idea if it will take 4-6 months for this to start getting above ground. I know nothing about below grade construction or construction at all. I do have a view of much of the hole from my office at 75/101 Federal. That's the extent of my "expertise" (besides a recent stay at a Holiday Inn Express). Next time I walk by, I will see if I can find a construction worker to ask when we might see this think poking up.
 
I can't comment on how long it will take for this thing to get above ground, but things can move very quickly once the tower portion starts. Some CIP structures (with simple/square forms) under construction in New York can move at 2 floors a week.

Given a largely repetitive floor plate, I hazard that the tower portion of this project would take about a year to top out.
 
DZH22 said:
Just an example, but this skyscraper was first PROPOSED in May 2011 (vs 2006 for ours), and now is almost topped off.
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I fully agree with you in the totality of what you were posting, but that one in there needs context.

Anyone with a working knowledge of US economics, sees the difference between what may have been proposed in 2006 versus what may have been proposed in 2011 as facing two COMPLETELY different environments.

......something about trap doors in the floor that swung open up for developers in 2007-2010???????? ;)

There are plenty of good examples we could point to, but that isn't one of them (there was also the whole Vornado affair- - this particular scenario wasn't merely the slow pace of permitting in Boston).

Good news is that this new mayor (about whom I was not happy that he won election initially) seems to be very progressive about what a city should be ("No, Mr/Mrs. Nimby - you bought a condo in a CITY - - not a VILLAGE"
 
DZH22 said:
When I left for NC (May 2012) I figured that by the time I got back (May 2013) that both this and Copley Tower would be out of the ground. Now it's almost a year after I'm back, and you're telling me this is going to take another 4-6 months to fill the hole? WTF?!?!?! And in the meantime, where the hell are we with the 8 other fully-approved 400'+ projects around the city? The glacial pace of these 9 towers is probably the most depressing part of my life right now. We're never going to get there, are we? It's just never going to happen. 4-6 more months, for real? Just to reach ground level? Slowest project ever.
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You realize the complexity of below grade construction vs. tower construction? It's basically an underground city with parking, retail space, utility space, storage etc. The floor area is much larger than the tower portion and no two areas or ceiling heights will be exactly alike, as in a tower. And there are three levels that need to be built, plus a 3-story podium that will take time to build as well. This isn't a city or permitting issue. Suffolk has been working everyday since this project started.

I'll also save you the worry on the other large towers. CST and CSC will likely get off the ground barring a financial or other catastrophe. They have deep pocketed developers and the Back Bay neighborhood is virtually bullet proof when it comes to real estate. The TD Garden and Government Center garage projects probably won't happen. Both are very complex and expensive projects in unproven neighborhoods for residential and are surrounded by lots of similar projects coming on line simultaneously. Banks aren't going to be rushing to finance them. Maybe they will lead the charge on the next construction boom in 8 to 10 years, but they probably won't make this one.
 
EDIT: Sorry, I guess this missed the thread split. I've cross posted it into the new one.
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http://online.wsj.com/news/articles/SB10001424052702303779504579467522202091120

In downtown Boston, developers of the Millennium Tower, a 60-story building that will have 442 condos, plan to market the property this fall in Asia. The idea followed the success of Millennium Place, a luxury building in Boston that sold 25 condos to Chinese buyers—many of whom bought units for their children's future use, says Leanne So of Bel & Well Property in Beijing.
 
They put up a SEXY render image flying high above Boston along with "MILLENNIUM TOWER" and the website on the barricades on Franklin St today. I was wondering why they hadn't put any marketing material up yet.

EDIT 05/01 - And now all the marketing is covered up, including pieces of fabric cut exactly to the size of the MILLENNIUM TOWER text. Weird. Maybe they're having some grand reveal soon?
 
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In construction related news, I noticed that the external construction elevator on Hawley has been removed.
 
Semass said:
In construction related news, I noticed that the external construction elevator on Hawley has been removed.
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They have also been very busy the last few days starting to remove the diagonal bracings.
 
Those upper floors will be head and shoulders above everything else from a sunlight / view perspective. In NYC, condo buyers are always wondering what is being built next door, what is planned for that vacant lot across the street, who has air rights, etc.
This should drive the prices up even more on the upper floors.
 
aaaaaa said:
Can we start an AB pool to guess the price of the top penthouse (the one that seems to be the entire top floor per the video)?

The lucky winner will get a no-prize prize, and everyone who enters will be awarded the sadness related to knowing you will never be able to afford that unit and enjoy those views.

My guess is $17,000,000.01 (and don't forget to have your pets spayed or neutered).
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$9,900,000 under the theory that this is no Beacon Hill/Back Bay etc.
 
BosDevelop said:
$9,900,000 under the theory that this is no Beacon Hill/Back Bay etc.
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That's exactly what I was thinking... are they going for Back Bay prices or anywhere-but-Back-Bay prices?

So how about this: I'll say the selling price will be $11 mil.
 
For reference, the most expensive condo ever sold in Boston was at the Mandarin Oriental for $13.2 mil. Millennium has consistently said the PH in Millennium Tower should set a new record.

776 Boylston St PH2-E

Neighborhood: Back Bay

Sold Price: $13,200,000
Sold Date: 06/13/11
Days on Market: 971
Type: Condo
SQFT: 6829
PSQFT : $1,933

http://charlesgaterealty.com/120-most-expensive-homes-sold-in-boston-ever/
 
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